Historical Prices

Start Date End Date

BNY Mellon Small/Mid Cap Growth Fund

Why invest in this Fund?

The fund seeks long-term growth of capital. To pursue this goal, the fund invests, under normal circumstances, at least 80% of its assets in equity securities of small-cap and mid-cap U.S. companies. The fund currently considers small-cap and mid-cap companies to be those with total market capitalizations that are equal to or less than the total market capitalization of the largest company included in the Russell 2500 ® Growth Index.

Min. class investment
$1,000
Class Inception Date
03/31/09
Fund Assets
$5,266,523,944  As of  10/25/21
Class Assets
$760,474,579  As of  10/25/21
Portfolio Turnover Rate
55.49%  As of fiscal year end  09/30/20
Morningstar Category
Mid-Cap Growth
Benchmark
Russell 2500(r) Growth Index
Morningstar Overall Rating
Fund Holdings
107  As of  09/30/21

Morningstar Rating™ as of September 30, 2021 for the Class A class shares; other classes may have different performance characteristics. Overall rating for the Mid-Cap Growth category. Fund ratings are out of 5 Stars: Overall 5 Stars (549 funds rated); 3 Yrs. 4 Stars (549 funds rated); 5 Yrs. 5 Stars (495 funds rated); 10 Yrs. 5 Stars (386 funds rated). The Morningstar Rating™ for funds, or "star rating", is calculated for managed products with at least a 3-year history. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance (not including the effects of sales charges, loads and redemption fees if applicable), placing more emphasis on downward variations and rewarding consistent performance. Managed products; including open-end mutual funds, closed-end funds and exchange-traded funds; are considered a single population for comparative purposes. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its 3-, 5-, and 10-year (if applicable) Morningstar Rating metrics. ©2021 Morningstar, Inc. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete, or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results. The fund represents a single portfolio with multiple share classes that have different expense structures. Other share classes may have achieved different results.

How a Growth Fund Finds Hot Stocks That Tell a Story - BNY Mellon's John Porter's feature in Barron's on May 26th, 2021

View Article

Portfolio Managers

  • Porter, John

    John Porter

    CIO, Head of Equity, Newton Investment Management North America, LLC

    4 yr(s). on fund

  • Wakefield, Todd

    Todd Wakefield, CFA

    Research Analyst, Newton Investment Management North America, LLC

    16 yr(s). on fund

  • Zeuthen, Robert

    Robert Zeuthen, CFA

    Research Analyst, Newton Investment Management North America, LLC

    8 yr(s). on fund

  • Behr, Karen

    Karen Behr

    Portfolio Manager

    0 yr(s). on fund


Total Returns

Click here to see SALES CHARGE  Max Sales Charge:  5.75% Front End Load
Average Annual
As of 09/30/21
Name 3 MO
09/30/21
YTD
09/30/21
1 YR 3 YRS 5 YRS 10 YRS Since Inception
BNY Mellon Small/Mid Cap Growth Fund
DBMAX
-1.75 -0.05 22.59 22.08 24.03 19.42 13.47
Russell 2500(r) Growth Index
-3.53 4.84 31.98 16.01 18.21 17.20 -
Average Annual
As of 09/30/21
Name 3 MO
09/30/21
YTD
09/30/21
1 YR 3 YRS 5 YRS 10 YRS Since Inception
BNY Mellon Small/Mid Cap Growth Fund
DBMAX
-1.75 -0.05 22.59 22.08 24.03 19.42 13.47
Russell 2500(r) Growth Index
-3.53 4.84 31.98 16.01 18.21 17.20 -

The performance data quoted represents past performance, which is no guarantee of future results. Share price, yield and investment return fluctuate and an investor's shares may be worth more or less than original cost upon redemption. Current performance may be lower or higher than the performance quoted.

Important Information Regarding Equities Performance
DUE TO RECENT MARKET VOLATILITY, CURRENT PERFORMANCE MAY BE DIFFERENT THAN THE FIGURES SHOWN. Investors should note that the fund's short-term performance is highly unusual, in part to unusually favorable market conditions, and is unlikely to be repeated or consistently achieved in the future.


The Russell 2500™ Growth Index measures the performance of the small- to mid-cap growth segment of the U.S. equity universe. It includes those Russell 2500 companies with higher growth earning potential as defined by Russell's leading style methodology. The Russell 2500 Growth Index is constructed to provide a comprehensive and unbiased barometer of the small- to mid-cap growth market. The index is completely reconstituted annually to ensure larger stocks do not distort the performance and characteristics of the true small- to mid-cap opportunity set and that the represented companies continue to reflect growth characteristics.

On March 31, 2009, existing shares were designated Class I shares and the fund began to offer Class A and C shares. The total return performance figures for Class A and C shares presented for periods prior to March 31, 2009, reflect the performance of the fund’s Class I shares, adjusted to reflect the applicable sales load for that class. Performance has not been adjusted to reflect any class-specific distribution or servicing fees or any differences in operating expenses but these fees and expenses are reflected in returns for periods after March 31, 2009. Had these fees and expenses been reflected for periods prior to the fund’s reorganization, performance would have been lower. Investors should consider, when deciding whether to purchase a particular class of shares, the investment amount, anticipated holding period and other relevant factors.

Growth of $10,000 Investment

Historical Performance

    These figures do not reflect the maximum sales charge which, if included, would reduce return.

    On March 31, 2009, existing shares were designated Class I shares and the fund began to offer Class A and C shares. The total return performance figures for Class A and C shares presented for periods prior to March 31, 2009, reflect the performance of the fund’s Class I shares, adjusted to reflect the applicable sales load for that class. Performance has not been adjusted to reflect any class-specific distribution or servicing fees or any differences in operating expenses but these fees and expenses are reflected in returns for periods after March 31, 2009. Had these fees and expenses been reflected for periods prior to the fund’s reorganization, performance would have been lower. Investors should consider, when deciding whether to purchase a particular class of shares, the investment amount, anticipated holding period and other relevant factors.

    Yearly Total Return

    Fund 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011
    DBMAX
    68.10% 38.81% -1.79% 26.09% 10.53% -2.39% 3.65% 40.27% 14.38% 5.41%

    Investment return fluctuates and past performance is no guarantee of future results.


    Prospectus Fee Table Expense Ratios

    As of  02/01/21 Fee Description Expense Ratio (%)
    Management Fee 0.60%
    Service Fee 0.25%
    Administration Fee 0.01%
    Other Expenses 0.10%
    Total Expenses 0.96%
    Total Expenses is the total annual operating expense ratio for the fund, before any fee waivers or expense reimbursements. Net Expenses is the total annual operating expense ratio for the fund, after any applicable fee waivers or expense reimbursements. The Total Expenses, or Net Expenses (if including fee waivers or expense reimbursements) is the actual fund expense ratio applicable to investors.

    Sales Charge

    Investment Amount Sales Charge
    Less than $50,000 5.75%
    Less than $100,000 4.50%
    Less than $250,000 3.50%
    Less than $500,000 2.50%
    Less than $1,000,000 2.00%
    Over $1,000,000 0.00%
    There is a 1% CDSC for purchases of $1,000,000 and over if redeemed within one year of purchase.

    Portfolio Manager/Sub-Investment Adviser

    The fund's investment adviser is BNY Mellon Investment Adviser, Inc. (BNYM Investment Adviser). BNYM Investment Adviser has engaged its affiliate, Newton Investment Management North America, LLC (Newton), to serve as the fund's sub-investment adviser. The fund is managed by a team of investment professionals employed by Newton. The team members who are jointly and primarily responsible for managing the fund's portfolio are John Porter, the lead portfolio manager, Karen Behr, Todd W. Wakefield, CFA, and Robert C. Zeuthen, CFA. Mr. Porter has been a primary portfolio manager of the fund since March 2017, and is Chief Investment Officer and Head of Equity at Newton. Ms. Behr has been a primary portfolio manager of the fund since September 2021. She is a portfolio manager at Newton. Mr. Wakefield has been a primary portfolio manager of the fund since September 2005. He is a research analyst at Newton. Mr. Zeuthen has been a primary portfolio manager of the fund since April 2013. He is a research analyst at Newton.

    Top Holdings

    As of 09/30/21
    Holdings % Portfolio Weight
    Lyft 3.48
    HubSpot 3.23
    Planet Fitness, Cl. A 2.87
    Twilio 2.39
    Expedia Group 2.37
    Horizon Therapeutics 2.37
    DexCom 2.35
    Rapid7 2.32
    Peloton Interactive 2.25
    Align Technology 2.20

    Asset Allocation


        Daily Statistics

        As of  10/25/21 Name NAV Change 02/12/21  12 Month 
        High Nav
        11/02/20  12 Month 
        Low Nav
        YTD Return
        DBMAX
        $39.02
        $0.23
        0.59%
        $41.99 $32.91 5.01%

        Performance Metrics

        Overall Morningstar Rating


        MORNINGSTAR CATEGORY Mid-Cap Growth


        Morningstar Rating™ as of 09/30/21 for the Class A shares; other classes may have different performance characteristics. Overall rating for the Mid-Cap Growth. Fund ratings are out of 5 Stars: Overall 5 Stars (549 funds rated); 3 Yrs. 4 Stars (549 funds rated); 5 Yrs. 5 Stars (495 funds rated); 10 Yrs. 5 Stars (386 funds rated).
        The Morningstar Rating™ for funds, or "star rating", is calculated for managed products with at least a 3-year history. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance (not including the effects of sales charges, loads and redemption fees if applicable), placing more emphasis on downward variations and rewarding consistent performance. Managed products; including open-end mutual funds, closed-end funds and exchange-traded funds; are considered a single population for comparative purposes. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its 3-, 5-, and 10-year (if applicable) Morningstar Rating metrics. © Morningstar, Inc. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete, or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results. The fund represents a single portfolio with multiple share classes that have different expense structures. Other share classes may have achieved different results.

        Lipper Rankings

        • 1 Year
          330 out of 367
        • 3 Year
          84 out of 343
        • 5 Year
          29 out of 312
        • 10 Year
          17 out of 247

        LIPPER CLASSIFICATION Mid-Cap Growth Funds


        Lipper Category returns and rankings are calculated by Lipper Inc., a Reuters Company, which is a nationally recognized organization that compares the performance of mutual funds with similar investment objectives. The Category returns represent the average performance of included funds, while rankings compare an individual fund's returns to those of the other funds in its category. Both are based on total return performance, with capital gains and dividends reinvested, with annual operating expenses deducted, but without including front or back-end sales charges. Rankings begin with the actual share class inception. Rankings are relative to a peer group and do not necessarily mean that the fund had high total returns. Rankings do not reflect sales loads

        Main Risks

        Equities are subject to market, market sector, market liquidity, issuer, and investment style risks to varying degrees.
        Small and midsized company stocks tend to be more volatile and less liquid than larger company stocks as these companies are less established and have more volatile earnings histories.
        Recent market risks include pandemic risks related to COVID-19. The effects of COVID-19 have contributed to increased volatility in global markets and will likely affect certain countries, companies, industries and market sectors more dramatically than others. To the extent the fund may overweight its investments in certain countries, companies, industries or market sectors, such positions will increase the fund's exposure to risk of loss from adverse developments affecting those countries, companies, industries or sectors.

        Risk Metrics

        As of  09/30/21 3-Year Trailing Standard Deviation Alpha Beta R-Squared Sharpe Ratio
        DBMAX
        26.43 3.94 1.18 71.06 0.85

        All risk metrics are provided by Morningstar. The index used in the calculations are determined by Morningstar which may not be the funds primary benchmark. The index Morningstar used for this analysis is S&P 500(r) Index.


        Dividend Schedule

        Declared
        Annually
        Distributed
        Annually
        Paid
        Annually
        Fiscal Year End
        Sep 30
        Year Dividend ($) Capital Gains ($)
        2020 0.0000 3.0865
        2018 0.0000 1.5708
        2017 0.0000 1.8050
        2016 0.0000 0.3764
        2015 0.0000 1.0304
        2014 0.0000 1.8123
        2013 0.0000 2.0995
        2012 0.0000 1.1980
        2011 0.0000 1.1540
        There is no guarantee that the fund will distribute any level annually. Capital gains may be short-term, long-term, or both.

        Distributions History

        Record Date Ex-Dividend Date Payable Date Ordinary 
        Non-Qualified 
        Dividends
        Qualified 
        Dividends
        Non-Qualified 
        Short-Term 
        Capital Gain
        Qualified 
        Short-Term 
        Capital Gain
        Long-Term 
        Capital Gain
        Total 
        Distribution
        Reinvest 
        NAV
        11/30/20 12/01/20 12/01/20 0.0000 0.0000 0.0000 0.0000 3.0865 3.0865 34.72
        Record Date Ex-Dividend Date Payable Date Ordinary 
        Non-Qualified 
        Dividends
        Qualified 
        Dividends
        Non-Qualified 
        Short-Term 
        Capital Gain
        Qualified 
        Short-Term 
        Capital Gain
        Long-Term 
        Capital Gain
        Total 
        Distribution
        Reinvest 
        NAV
        11/30/18 12/03/18 12/03/18 0.0000 0.0000 0.2349 0.0585 1.2774 1.5708 -
        12/06/17 12/07/17 12/07/17 0.0000 0.0000 0.1536 0.0679 1.5835 1.8050 -
        12/06/16 12/07/16 12/07/16 0.0000 0.0000 0.0000 0.0000 0.3764 0.3764 -
        12/07/15 12/08/15 12/08/15 0.0000 0.0000 0.0000 0.0000 1.0304 1.0304 -
        12/16/14 12/17/14 12/17/14 0.0000 0.0000 0.2665 0.0836 1.4622 1.8123 -
        12/03/13 12/04/13 12/04/13 0.0000 0.0000 0.4434 0.0799 1.5762 2.0995 -
        12/03/12 12/04/12 12/04/12 0.0000 0.0000 0.3101 0.0889 0.7990 1.1980 -
        12/02/11 12/05/11 12/05/11 0.0000 0.0000 0.0000 0.0430 1.1110 1.1540 -